The RCEP is not an introduction to a new block formation. However, the RCEP is an unmistakable sign of an economic shift of weight from the North Atlantic to the Asia-Pacific region.

The fiscal stimulus against the corona crisis remains stuck to a large extent in people's wallets. Direct investments in shares reach a historic high, yet cash and deposits remain the favorites of Germans.

Political and social polarization in the United States has now progressed so far that democratic institutions have been damaged.

Recently, the reputation of the DAX 30 had suffered badly. The DAX is said to be an index full of corporations with poor corporate governance, high debt and dwindling profitability.

The introduction of the euro was linked to expectations of convergence of economic cycles and longer-term income trends. These expectations have not been fulfilled and, especially after the Covid 19 shock, it will be increasingly difficult to meet th ...